ProAssurance Q3 net loss of $9.1M vs year-ago profit; revenue down 12%

PROASSURANCE CORP

2022-Q3 EPS reported -$0.27 revenue$811,980,000

Q3 2022 net loss of $9.1M ($0.17 per share) vs net income of $12.2M in Q3 2021.
Total revenues of $273.1M, down 11.8% from $309.7M a year ago.
Specialty P&C combined ratio worsened to 106.7% from 104.3% due to higher expense ratio.
Workers' Comp combined ratio improved to 100.5% from 106.3% on lower loss ratio.
Book value per share fell to $19.75 from $26.46 at year-end 2021 due to $340.5M unrealized losses.

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